Answer:
The target stock price in year 1 is $51.12
Explanation:
Given SE = $6 MIL, NI= $906 000, Div= $408180, Shares= 200000, PE ratio= 24 , SP =?
W e will use the price earning ratio as we are are given the benchmark PE ratio and this ratio measures the stock price relative to it profits
PE = Stock price / Earnings per share
Need to calculate Earnings per share
EPS = net Income - dividends/ oustanding Shares
=906000-480180/200000
=$2.1291/$2.13
Sustitute in the formula for PE ratio
24 = Stock Price/2.13
Stock Price = $51.12
Therefore the target stock price in year 1 is $51.12
Answer:
Edward's promise is not enforceable. Tony had already performed the act. He did not perform based on Edward's promise. He performed because of their fraternal brotherhood.
Explanation:
This situation looks like a unilateral contract whereby Edward makes a promise to Tony to pay him $100. However, we observe that Tony did not perform his actions in consideration of this reward. He performed because they were fraternity brothers. Therefore, Tony cannot enforce Edward's promise in any court. It is only left for Edward to fulfill his promise as a gentleman, not because he is legally obliged to.
Answer:
D
Explanation:
it's D because theory is a belief off what you see and hear
Answer:
Option B
Explanation:
Fixing the wage rate above the market equilibrium rate will disturb the demand and supply equilibrium of labor resource.
Wage rate above market will make labor as a resource costly for business and hence, there is possibility that the demand for labor will lower down. Thus, the supply of labor will get low.
Hence, option B is correct
Answer:
False
Explanation:
Aggregate planning is typically done 6-18 months prior to the time period it covers.
